“> reported net income of $4.7 million, or $0.49 per share, in the second quarter of 2024, compared to net income of $4.5 million, or $0.46 per share, in the second quarter of 2023. Net income was $6.3 million, or $0.65 per share, for the first six months of 2024, compared to $1.2 million, or $0.13 per share, for the first six months of 2023.

Results for the second quarter of 2024 reflect higher investment income and lower policyholder benefits and operating expenses compared to the second quarter of 2023. These improvements were partially offset by lower insurance revenues and higher interest credited to policyholder account balances.

The year-on-year improvement in the first six months of 2024 resulted from an increase in investment income and a decrease in benefits to policyholders, partially offset by a decrease in insurance income and an increase in operating expenses and interest credited to policyholders’ account balances.

Kansas City Life was founded in 1895 and is headquartered in Kansas City, Missouri. The company’s primary business is providing financial protection through the sale of life insurance and annuities. The company operates in 49 states and Washington, DC.